Why Residential plot for sale in Ooty preferred than Built-up Houses 

What can be the best investment in this pandemic situation?

Gold?

Stocks?

You might be surprised when you know the answer.

In the last couple of years, a term is constantly put forth in online discussion forums. People are debating about the investments that give the best ‘returns’. But the onset of Covid-19 pandemic has changed the investment scenario across the world. Businesses of all sizes felt the stress of resource crunch thus, offering only a reduced output. Money has become precious in present day. People have become wary of investments. In this blog, let us compare different investments to try and understand the best choice.

Investing in Gold

A Market Research firm reported that in September 2020, the price of gold had risen by 28% since the start of 2020. This has discouraged people from purchasing jewellery. According to the World Gold Council (WGC), demand for gold in India reduced by 30% in July-September quarter compared to the previous year. A financial website, lists specific concerns in investing in gold. According to the site, the following are risks involved in investing in gold

·        Gold is not an income generating asset

·        The return on gold is dependent solely on its price 

·        There are costs involved in storage and insurance of gold

That having said, the site concludes that Gold is not a fool proof investment and that it is crucial to gauge how markets will perform, before investing.

Investing in Stocks

The Indian stock market has been experiencing volatility since the beginning of the pandemic. In March this year, the Nifty 50 and Bombay Stock Exchange (BSE) Sensex dropped by more than 30% as compared to values in January. There was a 27.31% loss in the total market cap and three major Industries - tourism, hospitality, and entertainment experienced a 40% fall in stocks. A business-oriented portal, reported that the stock market was still dealing with uncertainties as of September 2020.

While investments in gold and stocks experienced a slump, there was a sector that started on its way to recovery

The sector is none other than real estate!

Investing in Real Estate

Real estate experts are positive about the growth prospects of the sector for the next two years. Despite the pandemic situation real estate sales grew in India in Q3. While NRIs investments poured in due to weakening of Indian rupee, domestic demand was boosted by novel techniques adopted by real estate companies. These included discounts and deferred payment options.

Since the last couple of years, more so in the last three years, there is an increased interest in people to settle down in hill stations. This is evident from online discussion forums and web analytic tools that reveal people’s search trends. The trend is attributed to several underlying reasons for want of a lifestyle close to nature. In TamilNadu, the most popular hill station is Ooty. In line with the above-mentioned reasons, the real estate market in Ooty is growing rapidly.

What is the market trend in Ooty?

More and more people are expressing interest in purchasing plots than a built-up property since the former provides scope for flexible design.

Why to invest in a residential plot for sale in Ooty?

There are two major reasons. One, the price of plots is appreciating. Two, there is scope for lease income from a plot.

Thus, investing in real estate is a wise and safe choice in near future

Land for Sale in Ooty - Buy land in Ooty

At Hills & Wills, we have an extensive list of residential plot for sale in Ooty. If you are looking to buy

residential land in Ooty, trust the hill station real estate experts. DTCP approved plot for sale in Ooty and Gated community for sale in Ooty available. Invest in a residential land for sale in Ooty for good returns\ on your investment.